Financial Literacy Resources

AARP—SBA Webinars AARP and the U.S. Small Business Administration (SBA) host new webinars and republish previous webinars to educate people who want to start businesses or expand existing ones.

Assets and Opportunity Scorecard The Corporation for Enterprise Development (CFED) released the 2015 Assets and Opportunity Scorecard, which looks at 135 different measures to paint a picture of how residents are doing in their quest to achieve financial security and what states are doing to help get them there. Produced annually, this report offers the most comprehensive look available at Americans’ ability to save and build wealth, stay out of poverty, and create a more prosperous future.

Building Assets and Building Futures: Financial Capability Programs in Native Communities First Nations Development Corporation, in partnership with the Northwest Area Foundation, offers this report on financial literacy and financial services in Native communities. The report offers data on financial capability programs serving a broad range of communities in the Northwest Area Foundation region.

Children’s Savings Directory CFED offers this tool for practitioners, researchers, policy makers, and others to learn about existing and planned children’s savings initiatives and to connect with other programs.

Compass Guide to Payroll Cards The Center for Financial Services Innovation offers this guide, which defines industry-wide best practices for designing and delivering payroll cards. The guide can help providers offer new and creative solutions that enable employees to achieve long-term financial health and is designed to be used by all actors in the payroll card value chain, including program managers, issuing banks, processors, payments networks, and employers. The guide’s 24 recommendations outline practices within a broad spectrum of categories. Examples illustrate how companies might apply the practices in their work.

FDIC Deposit Insurance Education Materials The Federal Deposit Insurance Corporation (FDIC) has made significant improvements to the deposit insurance education materials available on its Web site. The changes are designed to allow the public to quickly access basic information while still offering the traditional in-depth and comprehensive deposit insurance information.

FDIC Teacher Online Resource Center The FDIC recognizes that teachers of financial education have the power to help children and youth achieve their financial goals. These resources help teachers answer questions about financial topics and share that information with students.

Four Tips to Start Off Tax Season Right NeighborWorks America offers this tip sheet for financial capability practitioners, who can use this information to teach clients how to have a more rewarding tax season.

FTC.gov The FTC redesigned its Web site in recognition of the agency’s 100th anniversary. The revised Web site provides better access to information about the FTC and its efforts to protect consumers and promote competition.

Financial Steps for Caregivers: What You Need to Know About Money and Retirement This guide from the Women’s Institute for a Secure Retirement (WISER) provides tips and resources on budgeting, saving for retirement, legal agreements for families and caregivers, how to avoid scams, help for medical costs, and end-of-life planning.

Financial Well-Being: The Goal of Financial Education The Consumer Financial Protection Bureau’s (CFPB) report provides a conceptual framework for defining and measuring success in financial education by delivering a proposed definition of financial well-being and insight into the factors that contribute to it.

Guidance to Encourage Financial Institutions’ Youth Savings Programs and Address Frequently Asked Questions On February 24, 2015, the OCC, the Board of Governors of the Federal Reserve System, the FDIC, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network, and the National Credit Union Administration (NCUA) issued “Guidance to Encourage Financial Institutions’ Youth Savings Programs and Address Frequently Asked Questions.” The interagency guidance answers common questions, including those related to Customer Identification Program requirements, that may arise as banks, savings associations, and credit unions collaborate with schools and other community stakeholders to facilitate youth savings and financial education programs. The guidance is intended to encourage financial institutions to develop and implement programs to expand youths’ financial capabilities and to build opportunities for the financial inclusion of more families. This effort is consistent with the “Starting Early for Financial Success” focus of the Financial Literacy and Education Commission, a body of 21 federal agencies, including the financial regulators, and the White House Domestic Policy Council.

MyCreditUnion.gov The NCUA’s official consumer protection Web site, MyCreditUnion.gov, and its financial literacy microsite, Pocket Cents, offer educational information, resources, and articles designed to help individuals make smarter financial decisions and better choices with their money.

MyMoney.gov The Treasury Department has redesigned MyMoney.gov, a one-stop shop for Americans looking for financial education information and resources from across the federal government. The Web site highlights MyMoneyFive, a research clearinghouse with information and games focused on youth.

OCC Financial Literacy Resource Directory The OCC’s new search function for its Financial Literacy Resource Directory enables more efficient information searches within the directory.

Owning a Home The CFPB offers this set of tools and resources to help homebuyers and homeowners feel more confident, become more informed, and make smarter decisions about mortgages.

StudentAid.gov The U.S. Department of Education offers this Web site containing information on obtaining money for higher education, including preparing for college, types of aid, qualifying for aid, applying for aid, and managing student loans. Federal student aid from the U.S. Department of Education is the largest source of aid in America, providing over $150 billion in grants, work-study, and federal loans for students attending four-year colleges or universities, community colleges, and career schools.

SEC Investor.gov and Alerts and Bulletins The U.S. Securities and Exchange Commission’s Office of Investor Education and Advocacy offers these Web pages to help individual investors. Learning how to invest wisely and safely can assist investors in reaching their financial and retirement goals. Investor Alerts and Bulletins are issued to help inform and educate investors on frauds and to impart other information relevant to investing in stocks, bonds, mutual funds, and other securities.

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